Oculus Inc. reported its financial results for the six-month period ending June 30, 2025, revealing a net loss of $154,628, a slight improvement from the $162,787 loss recorded in the same period of the previous year. The company's total assets decreased to $23,796 from $39,540 at the end of 2024, primarily due to a reduction in cash and prepaid expenses. As of June 30, 2025, Oculus had cash reserves of $8,196, down from $11,718 at the end of the previous fiscal year. The accumulated deficit increased to $48,868,634, reflecting ongoing operational challenges.
In terms of operational expenses, selling, general, and administrative costs rose to $124,252 for the six months ended June 30, 2025, compared to $93,239 in the prior year. This increase was attributed to higher professional fees as the company continues to develop and market its Cloud Document Protection System and data privacy platforms. Conversely, research and development expenses significantly decreased to $460 from $4,731, as the company aimed to cut costs amid minimal activity during the period.
Oculus has not reported any revenue for the six-month periods ending June 30, 2025, and 2024, indicating ongoing challenges in generating sales. The company has maintained a consistent employee headcount of 91,422,569 common shares outstanding, with no new stock options or warrants issued during the reporting period. The company’s operational focus remains on enhancing its digital watermarking technology and expanding its data privacy solutions, including the Forget-Me-Yes® platform and ComplyTrust® SaaS Suite.
Looking ahead, Oculus Inc. faces significant uncertainties regarding its ability to secure additional funding to sustain operations. The company has indicated that its future success is contingent upon generating sufficient cash flows and attracting investment. The management has expressed optimism about the potential for its products to meet growing market demands for data privacy and protection solutions, particularly in light of increasing regulatory requirements globally. However, the company acknowledges the competitive landscape and the challenges posed by market conditions, which may impact its growth trajectory.
About OCULUS INC.
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.